Comments adjusted on 12/6:
• US 30-Year Bond: Watch the pivot on the #; the "melt-down" level is the 148.08. 150.30 "last resistance” - and note the targets up above.
• US 10-Year Treasury Note: Note the targets above 134.03 ... trade below 133.09 seeks 132.15.
• US 5-Year Treasury Note: Give a bullish # a chance to print 125.05 -- which CAN be faded. Weakness wants at least 124.03.
• S&P500 Stock Index: Post-#, see where trade is relative to this pivot. Favor the bears below 1389; favor the bulls above 1421.
The flap over Apple’s corporate tax strategy might sound like a snoozer, until you consider who makes up the difference …